Archer Daniels Midland vs Ingredion
Archer Daniels Midland reported revenue of $80.3 billion in fiscal 2025, 11.1 times Ingredion's $7.2 billion in fiscal 2025. Archer Daniels Midland's revenue fell 6.2% in its latest year, and Ingredion's fell 2.8%. Free cash flow was $4.2 billion at Archer Daniels Midland and $511 million at Ingredion.
Side by side
| Archer Daniels Midland | Ingredion | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $80.3B | $7.2B |
| Revenue growth | −6.2% | −2.8% |
| Revenue growth a year, last 5 years | 4.5% | 3.8% |
| Gross margin | 6.3% | 25.3% |
| Operating margin | — | 14.1% |
| Net margin | 1.3% | 10.1% |
| Free cash flow | $4.2B | $511M |
| Free cash flow margin | 5.2% | 7.1% |
| Return on capital | 5.2% | 16.0% |
| Net debt to EBITDA | 2.4x | 0.6x |
| Dividends and buybacks | $987M | $211M |
| Change in diluted share count | −1.8% | −2.1% |
| Last close | $79.01 | $95.43 |
| P/E at the last close | 21.6× | 10.4× |
| Insider trades, last 12 months | bought $486,750, sold $10.1 million | sold $6.0 million |
| Piotroski F-score | 5 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Archer Daniels MidlandIngredion
Operating margin
Percent of revenue
Archer Daniels MidlandIngredion
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Archer Daniels MidlandIngredion
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Archer Daniels Midland and Ingredion pages.